The man, who refused to give his name, was looking at real estate in Galveston.
About 3 p.m. a low-flying pelican distracted him as he traveled north on Interstate 45 just south of the hurricane levee near Omega Bay.
The man jerked the wheel, dropped his cell phone, and the car's front tire left the frontage road and entered a muddy patch, which foiled his attempt to maneuver away from the lagoon.

Yeah, that's not what happened at all according to this video.

This was recorded by a Facebook user who appears to be taping it with a phone or digital camera just at the right moment. Warning, they do swear appropriately at the event. Incredible.

UPDATE: Thanks to some great follow up reporting by the Galveston Daily News and their sister paper, we now know the man is Andy House of Performance Auto Sales in Lufkin, Texas. The shop, ironically, specializes in repairing wrecked exotics. We contacted House for a comment and here's what he said:

I had dropped my phone, people dont know what happened, the arnold story was made up to by the wrecker driver. What it appeared to been was a reflection.